The Golden Age of Biopharma
Advances in science have created new ways to treat life-threatening diseases. Most of us are keenly aware of the incredible breakthroughs in COVID-19 vaccines by companies like Pfizer and Moderna. Of course, there are many other success stories. Thanks to drug discoveries over the last 40 years, the five-year survival rate for leukemia has improved from 30% to 65%, non-Hodgkin’s lymphoma from 45% to 76% and kidney cancer from 52% to 77%.1
Many of these advances have emerged from small-cap biotechnology and pharmaceutical industries (biopharma) companies. For example, Opdivo®, the immunotherapy drug that is a highly effective lung cancer treatment was discovered and partially developed by a small-cap biopharma company. And the original antiviral breakthrough drug to treat hepatitis C, SOVALDI®, was discovered and partially developed by a small-cap biopharma company before Gilead brought it to market.
Innovation is accelerating. With rapid advances in technology enabling new discoveries and increasing growth in the pipeline of new drugs, we believe we are entering a golden age of biopharma.
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